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UK: Farm taxes could cause food shortage, warns outgoing ASDA chairman

Rachel Reeves's tax raid on farmers risks hitting Britain's food supply, the outgoing chairman of Asda has said. Lord Rose warned that the row between farmers and the Government could disrupt supplies in supermarkets.

Speaking on LBC's Nick Ferrari at Breakfast, Lord Rose said: "We make pork pies today and they're in the shops tomorrow. We lay eggs today. They're in the shops tomorrow. We pick lettuce today. It's in the shop tomorrow.

"People stop picking lettuce and chickens stop laying eggs and people don't make pork pies, well, you've got a problem."

It comes amid growing calls for the Government to reverse changes to death duty for farmers. In her Budget, the Chancellor dramatically cut agricultural relief, meaning that farmers must pay an effective 20pc inheritance tax rate on the value of their farm above £1m.

Read more at MSN

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